Securities Lawsuit Against Family Dollar Voluntarily Dismissed

June 26, 2013 11:40 AM Eastern Daylight Time

MATTHEWS, N.C.--(BUSINESS WIRE)--Family Dollar (NYSE: FDO) announced today that a lawsuit filed in
February 2013 by plaintiff Pipefitters Local No. 636 alleging that
Family Dollar violated federal securities laws has been voluntarily
dismissed by the plaintiff. Family Dollar had asked the Court to dismiss
the case, but before the Court ruled on that request, the plaintiff
agreed to abandon its claims. Family Dollar paid no money to the
plaintiff and made no concessions.

“We believed that the lawsuit was without merit, and we are pleased that
the plaintiff agreed to dismiss the suit on its own without having to
further waste the courts’ and Family Dollar’s resources to demonstrate
that the case was baseless,” said James C. Snyder, Jr. SVP –General
Counsel and Secretary.

About Family Dollar

For more than 50 years, Family Dollar has been providing value and
convenience to customers in easy-to-shop neighborhood locations. Family
Dollar’s mix of name brands, and quality, private brand merchandise
appeals to shoppers in more than 7,800 stores in rural and urban
settings across 45 states. Helping families save on the items they need
with everyday low prices creates a strong bond with customers who refer
to their neighborhood store as “my Family Dollar.” Headquartered in
Matthews, North Carolina, just outside of Charlotte, Family Dollar is a
Fortune 300, publicly held company with common stock traded on the New
York Stock Exchange under the symbol FDO. For more information, please
visit www.familydollar.com.